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Long Short Update from February 3rd

|Includes: APKT, Copano Energy, L.L.C. (CPNO), LVS, MGM, MLCO, SWKS, WYNN
Jim Cramer's lightning round picks offered five bullish: Copano Energy (NASDAQ:CPNO), Skyworks Solutions (NASDAQ:SWKS), MGM (NYSE:MGM), Las Vegas Sands (NYSE:LVS) and Wynn Resorts (NASDAQ:WYNN), and two bearish stocks: Acme Packet (NASDAQ:APKT) and Melco Crown Entertainment (MPEL).

The five day outlook was mildly bullish, with two of the seven stocks (MGM and WYNN) having a greater than 60% probability of a higher close by day five. MGM was able to close 3.1% higher while Wynn finished up 2.1% by day five. So in this respect PatternDNA played to expectation.

There was only one miss, and that was the 64% probability of a lower close for MGM on day 1 of the Pattern (it finished the day higher), but other than this miss there was no significant swing projected for the week.

The projected Win and Average Return percentages were below 5% for all Patterns (Average Return Per Trade assumes an initial stop of 10%, raised to 5% off the price reached on a 15% gain. Ultimate Profit Target of 25%).

Skyworks Solutions (SWKS) had a projected Average Return of just 2.8% but was up 7.0% on the week, while Las Vegas Sands (LVS) and Melco Crown Entertainment (MPEL) had projected Average Returns of 3.1% and 3.3% respectively, but finished the week down -7.5% and -8.0% and both look destined to hit the 10% stop threshold.

By the end of the week, with the exception of Las Vegas Sands (LVS) and Melco Crown Entertainment (MPEL), stocks were able to close higher, fitting with the general bullish projection for the day 5 close from PatternDNA.